Roth Mkm Boosts Standex International (NYSE:SXI) Price Target to $286.00

Standex International (NYSE:SXI) had its price target hoisted by analysts at Roth Mkm from $260.00 to $286.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Roth Mkm’s price objective indicates a potential upside of 13.55% from the stock’s previous close.

Other analysts also recently issued reports about the stock. DA Davidson increased their price objective on shares of Standex International from $272.00 to $298.00 and gave the company a “buy” rating in a research report on Monday. Barrington Research reissued an “outperform” rating and issued a $260.00 target price on shares of Standex International in a research report on Monday. Wall Street Zen cut shares of Standex International from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Standex International in a research note on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Standex International has an average rating of “Moderate Buy” and an average target price of $281.33.

Standex International Stock Up 2.1%

Shares of NYSE:SXI traded up $5.14 during trading on Tuesday, reaching $251.88. 44,924 shares of the stock were exchanged, compared to its average volume of 134,049. The stock has a fifty day moving average of $237.36 and a two-hundred day moving average of $219.82. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.87 and a quick ratio of 2.10. Standex International has a 1-year low of $128.85 and a 1-year high of $263.00. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 56.40 and a beta of 1.13.

Standex International (NYSE:SXI) last released its quarterly earnings results on Thursday, January 29th. The industrial products company reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.08. Standex International had a return on equity of 14.29% and a net margin of 6.20%.The business had revenue of $221.32 million for the quarter, compared to the consensus estimate of $219.22 million. During the same quarter last year, the business posted $1.91 earnings per share. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. Research analysts anticipate that Standex International will post 7.9 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Vineet Kshirsagar sold 650 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $233.37, for a total value of $151,690.50. Following the sale, the insider directly owned 5,047 shares in the company, valued at approximately $1,177,818.39. This trade represents a 11.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas E. Chorman sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $223.31, for a total value of $223,310.00. Following the sale, the director owned 13,229 shares in the company, valued at approximately $2,954,167.99. This trade represents a 7.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Standex International

A number of hedge funds and other institutional investors have recently modified their holdings of SXI. Financial Consulate Inc. acquired a new stake in shares of Standex International during the third quarter worth $25,000. Cornerstone Planning Group LLC boosted its holdings in Standex International by 144.7% during the fourth quarter. Cornerstone Planning Group LLC now owns 115 shares of the industrial products company’s stock worth $25,000 after buying an additional 68 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in shares of Standex International during the 3rd quarter valued at approximately $28,000. AlphaQuest LLC grew its holdings in shares of Standex International by 72.8% in the 3rd quarter. AlphaQuest LLC now owns 197 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 83 shares during the period. Finally, Huntington National Bank boosted its position in Standex International by 52.6% during the third quarter. Huntington National Bank now owns 238 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 82 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors and hedge funds.

About Standex International

Standex International Corporation is a diversified global manufacturer specializing in food service equipment, engineered components, and industrial products. Operating across multiple markets, the company designs and produces commercial cooking and warming solutions, precision-engraved nameplates and decorative products, fluid power hydraulics, and magnetics-based electronics. These offerings serve a broad array of end markets, including quick-service restaurants, automotive, aerospace, medical devices, and consumer appliances.

With business organized into key segments—Food Service Equipment, Engraving & Decorating, Hydraulics, Industrial Electronics, and Technical Graphical Solutions—Standex delivers a combination of proprietary technology, automated manufacturing processes, and custom engineering services.